(2008 - 09)
Dear Friends,
It was a great honour of being the President of ANMI and the confidence placed on me by this August House at the beginning of the year. Taking on the role of President of ANMI is daunting and challenging task but one has to perform with a profound sense of accountability and commitment. I am very proud of the opportunity that you'll had given me and today is a special day for me when I am passing the batton to Mr. Palaniappan to take this role ahead.
Increasingly today our Stock-Broking industry is going through rough weather admidst overall global recession and further accentuated with :
 Complexity of ever shifting and sometimes conflicting rules and regulations;
The appropriately high expectations of demanding members;
The heightened pressure on and expectations of Regulators and Exchanges;
The fear that somewhere, something isn't being done right;
Pressure and demands of meeting ever growing compliances.
At ANMI we realise that being voice of Capital Market the expertise and common sense of operating in capital markets with adequate level of knowledge and sophistication has to be brought to our investors and nation at large on one side. At the other side we have to establish that members are on the right side of the accounting tax and regulatory laws and do it efficiently so as to follow proper rules, regulations and guidelines in an unforgiving calendar which seems to have too few hours in a day, too few days in a week.
Let me now elaborate certain important activities which have been undertaken during last one year :-
ANMI team constantly met SEBI, NSE, MoF and other important officials to
channelise and articulate its views;
Proactive measures towards Members Meet, Survey & Directory;
Have International Study on Transaction Cost through Ernst & Young;
Holding ANMI International Meet successfully at Kolkata;
ANMI recall through common template, e-mail id, folders and presentation.
It is always important to understand the environment in which we operate, What we do and How we do it? It is a continuous process to act with integrity, focus and objectivity to carry current unfinished agenda and bring further issues from time to time. ANMI as a National Association has to continue its role with larger focus and responsibility so as to build on the credit of the Success and recognition now being given to past relentless work.
The strategic framework for future requires in my opinion:-
Have larger infrastructure & committed resources;
Greater role and responsibility for National Committee;
Greater co-ordination between Regions;
Formulate an Advisory Board consisting of Senior Members and professionals with
high expertise in various fields;
Increased level of Seminar, Workshops and Awareness Programmes;
Creating Handbook/Manuals in topics relating to Capital Markets for overall
professional development;
Focussed deliberation and decision making at Board level;
To formulate a balance between Investor Protection and over-regulation;
Echo the need for principle based regulations;
Formulate research on Innovation, Simplified procedures and efficiency related
topics of Capital Market.
I am sure that ANMI Collective Voice will always be heard and we pool our knowledge and speak with one Voice. We continue to work on the four basic pillars of Indian Capital Markets - Compliance, Corporate Governance, Investor Confidence and Safer Markets.
I am very proud of having led this Organisation and thankful for the support and co-operation received at all levels.
Thank you
Bijay Murmuria
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